EU cereal import duties on hold for another year

(Farmers Guardian) -- THE European Commission has confirmed that import duties on cereals will remain suspended for another year.

This will only be changed in the unlikely event of a big drop in world grain prices.

The Commission has also confirmed that no subsidies will be available to support grain exports. This was agreed by the cereal management committee.

The decision comes as traders in the United States warn that heavy rain in the Mid-West could have a big impact on yields this year.

Meanwhile, the Commission has responded to complaints from the biofuel industry and will begin an investigation into claims that the US is dumping cheap biodiesel.

This is undermining the European industry, and it will be up to the Commission to decide whether measures against these imports would be justified.